Business
Continued positive trading and new acquisitions
Continued positive trading and new acquisitions.
About this update from Mobico Group Plc
[{"type":"text","content":"\n \nRNS Number : 1833Y National Express Group PLC 04 December 2017 \n\n4 December 2017\n \nContinued positive trading and new acquisitions sustain year end momentum\n \nNational Express Group PLC is pleased to announce that it has completed two small acquisitions in November; one each in the US and Spain. Both acquisitions will enable further expansion in target markets. They are:\n \n· A school bus and coach business with 204 vehicles, based in Cincinnati, Ohio. This acquisition strengthens our presence in Ohio, enabling us to grow our business further, as well as improve our service offering to our customers in Cincinnati. \n· A Madrid bus operator with 73 vehicles, that provides staff transfers for a large local airline and national bank headquarters; an urban transport contract in Azuqueca, Guadalajara; and, school bus services in Madrid. \n \nBoth businesses are expected to deliver returns in line with our guidance of 15-20%.\n \nWe continued to see a good trading performance across all of our divisions during October and November, in line with the trends set out in our most recent Trading Update.\n \nWe are encouraged by strong early Christmas trading in both our UK and Spanish coach businesses, with advanced sales higher than last year.\n \nOverall, we remain on course to deliver our profit, free cash flow and leverage targets for the full year.\n \nEnquiries\n \nNational Express Group PLC\n\n\n\n\nChris Davies, Group Finance Director\n\n\n0121 460 8655\n\n\n\n\nAnthony Vigor, Director of Policy and External Affairs\n\n\n07767 425822\n\n\n\n\nLouise Richardson, Head of Investor Relations\n\n\n07827 807766\n\n\n\n\n \nMaitland\n\n\n\n\nNeil Bennett/James McFarlane\n\n\n0207 379 5151\n\n\n\n\n \nNotes\nLegal Entity Identifier: 213800A8IQEMY8PA5X34.\n \nClassification: 2.1 (with reference to DTR6 Annex 1R).\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCFSIFLFFWSELE\n ","length":4138,"tagName":"div"}]